#CEXvsDEX101 When comparing CEX (Centralized Exchange) and DEX (Decentralized Exchange) in crypto, the core difference lies in control. CEXs like Binance or Coinbase act as intermediaries, holding your funds in their custody. They offer user-friendly interfaces, robust customer support, and high liquidity, but require KYC (Know Your Customer) verification and carry the risk of hacks or regulatory intervention.

DEXs, such as Uniswap or PancakeSwap, operate on blockchain technology via smart contracts. Users retain full control of their assets through non-custodial wallets, ensuring privacy and censorship resistance. While DEXs offer greater autonomy and access to newer tokens, they can have lower liquidity, higher gas fees, and a steeper learning curve for beginners. Your choice depends on prioritizing convenience, support, and liquidity (CEX) versus self-custody, privacy, and decentralization (DEX).